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Latest: Fintech News

Amazon Cloud Unit to Spend $13 Billion in India by 2030
Amazon Cloud Unit to Spend $13 Billion in India by 2030

Amazon Web Services said the investment will be used to build its cloud infrastructure in India and will support over 100,000 full-time jobs annually

China Closes 100,000 ‘Fake News’ Accounts in Content Clean-Up
China Closes 100,000 ‘Fake News’ Accounts in Content Clean-Up

The Cyberspace Administration of China said it had wiped 107,000 accounts belonging to counterfeit news outlets and 835,000 items of fake news

Ex-Apple Engineer Charged For Stealing Tech, Fleeing to China
Ex-Apple Engineer Charged For Stealing Tech, Fleeing to China

The indictment was part of five cases centred on allegations concerning the theft of trade secrets and other technology, of which two others relate to China

OpenAI Boss Urges Regulations to Prevent ‘Harm to the World’
Online Brokers’ Shares Fall on News They Will Cut China Apps
Buffett Sells Entire TSMC Stake Over Taiwan Invasion Concerns
Asian Funds Backing China Education Again, US AI-Tech Giants
Chinese General Urges More Use of ‘Tech, Financial’ Warfare
Chinese Firms Swap Auditors to Avoid Delisting in US – Nikkei
China Reports Weak April Data, Record Youth Unemployment

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors